Jerry has two tickets to the Super Bowl (on Sunday) but he cannot attend due to “the Drakes'” wedding (“The Handicap Spot”). Jerry gives the tickets to Dr. Tim Whatley (“The Mom & Pop Store”). George has a new girlfriend, Bonnie, and he is eager to go to her apartment. Elaine and Jerry suspect that Whatley is a “re-gifter” after Jerry receives the same label maker that Elaine gave Tim for Christmas. Kramer and Newman play an extended game of Risk. They leave the board in neutral country (“like Switzerland”) at Jerry’s apartment.
George likes Bonnie’s apartment, including a velvet couch. However, George immediately becomes upset because Bonnie has a male roommate named Scott who looks just like him. Kramer informs that the Drakes’ wedding has been postponed because of the Super Bowl. George suggests Jerry to “de-gift” Tim Whatley the tickets. Newman stops by Jerry’s apartment and tells him he will go to the Super Bowl with one of Whatley’s tickets.
George inquires Bonnie regarding her behavior with Scott. Elaine dates Whatley in order to find out whether or not he really re-gifted her label maker; she wants to get in his apartment. Tim Whatley takes away Newman’s ticket and gives it to Elaine. Jerry and George suspect that, due to Elaine’s behavior, Whatley invited her purely with the intent of seducing her.
George tries to wheedle Bonnie into getting Scott to move out, and is surprised when he succeeds, realizing with dismay that he is now the most responsible man in her life. Newman and Cosmo Kramer continue their game in Jerry’s apartment. Kramer’s car is being taken away; he rushes outside holding the game board. Upon learning that Elaine does not intend to have sex with him on the Super Bowl trip, Whatley breaks up with Elaine and gives her ticket back to Jerry. Using Jerry’s label maker to help Bonnie box up Scott’s things, George discovers that all the things he liked about Bonnie’s apartment, including the velvet couch and the television, belonged to Scott.
Taking their game to the subway, Kramer is confident in his victory over Newman, taunting him for having possession over the “weak” nation of Ukraine. A nearby Ukrainian passenger gets offended and smashes their board.
Elaine uncovers Whatley’s secret: he regifted the label maker because it was defective—the label adhesive wasn’t strong enough. However, Elaine and Whatley find each other irresistible. The labels on Scott’s boxes peel off on the mail truck.
At the Super Bowl, Jerry finds himself sitting next to Newman instead of Whatley. Newman mentions that some boxes without labels were rendered undeliverable and claimed by them (“Freebies”). Desperate to escape his relationship with Bonnie, George brings up the offensive thought of a ménage à trois (“The Switch”), but at the same time, Scott arrives, who is willing to participate in such an arrangement.